Eco - innovation - a Factor for Increasing the Competitiveness of the Economy in the Context of Sustainable Development
Eco - innovation - a Factor for Increasing the Competitiveness of the Economy in the Context of Sustainable Development

Summary/Abstract: Changes have their sources in external or internal factors and may only produce a slight adjustment from a functional and structural point of view or may lead to a redesign of its essence. Efficiency refers to the ability to identify the most appropriate services, the use of appropriate technologies and the introduction of the best procedure.The only way to reduce environmental impacts is technological innovation and companies should consider the challenge of sustainable development by investing in the R&D sector.This paper involves treating two key concepts, innovation as a pillar of the environment for sustainable development and competitiveness. In this context, special attention is given to sustainable innovation.The beneficial effect of applying eco-innovation cannot be achieved without the existence of technological capacity. Adopting eco- efficient technologies involve substantial costs and requires a strong learning process based on R&D. So we considered it necessary to analyze the impact of the R&D sector on the eco-innovation based on econometric model, using linear regression. The analysis confirms the dependence of eco-innovation on R&D spending and in order to demonstrate the validity of this result we used the Eviews program

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